News Formal

GE loses less cash than expected even as pandemic pummels earnings

  • 📰 Reuters
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

General Electric Co lost less cash than estimated in the second quarter even as the coronavirus pandemic pummeled demand in its aviation business, resulting in a wider-than-expected quarterly loss.

FILE PHOTO: The logo of U.S. conglomerate General Electric is seen on the company building in Belfort, France, October 19, 2019. REUTERS/Vincent Kessler

The Boston-based industrial conglomerate reported cash outflow of $2.1 billion from industrial operations, a tad lower than a quarter ago and much below than its own estimate of between $3.5 billion and $4.5 billion for the quarter. The unit reported a quarterly loss of $680 million on the back of a 44% drop in revenues. Orders were down an annual 56% during the quarter.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 2. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Losing less cash than expected is still a negative cash flow.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

GE Hit by Steep Decline in Jet-Engine BusinessThe company’s aviation business swung to a loss in the June quarter as both revenue and orders plunged. That is sad Hell yeah! Fuck the Great Evil!!!!! As a former employee I'll tell anyone who'll listen about their treason and horrendous working conditions. I’m afraid I caused this by tweeting about the lousy construction of my new microwave. Oops.
출처: WSJ - 🏆 98. / 63 더 많은 것을 읽으십시오 »